Using Cash in Your Folios

You can incorporate cash into your Folios by using the ticker symbol FDIC.CASH. To do this, you must buy the amount that you wish using the ticker symbol FDIC.CASH into your Folio. Money deposited into your account will generally sweep into our cash vehicle (symbol) and you need to actually purchase FDIC.CASH like a security in order to use it in a Folio. Cash in FDIC.CASH earns the same interest rate as it would in the sweep program but cannot be used to cover new purchases, checks or electronic funds transfers because it is held like a security.

Cash held in a Folio can be given a weight just like any other security in a Folio. For example, if you want to hold 10% of your Folio in cash, simply buy the ticker FDIC.CASH and set the weight to 10%.

Higher Yielding Cash Investment

FDIC.PLUS is designed for investors who want higher interest rates on larger amounts of cash, with complete safety of capital, and easy next-day access to funds. There is a $25,000 minimum investment to earn interest in this higher-yielding cash investment. Balances below $25,000 do not pay interest. FDIC.PLUS is held in Non-Folio Holdings.

Important Notes

Rates automatically adjust depending on the balance in the investment.

Cash rates and tiers can change at any time without notice, based on current market conditions.

Interest is calculated daily and posted to your accounts monthly.

All deposits or withdrawals from FDIC.CASH and FDIC.PLUS will appear in Folio holdings, statements and confirms.

Deposits into FDIC.CASH or FDIC.PLUS made before 2 p.m. EST on a business day will generally begin accruing interest on the following business day. Deposits made after that time on a business day will generally begin accruing interest on the second business day.

Sweep, FDIC.CASH and FDIC.PLUS deposits are aggregated for FDIC insurance purposes, and deposited in the same insured deposit cash account at Program Banks and Direct Banks under our extended FDIC Insured Deposit Program and governed by the terms of that Program. However, FDIC.PLUS deposits stand alone and are not aggregated with any other cash holdings in a customer account to determine rates or tiers.

Funds deposited through the FDIC.CASH and FDIC.PLUS mechanism are not available for check writing, withdrawal or ACH. Funds must be held in the automatic Sweep mechanism to be eligible for new purchases, check writing, withdrawal and ACH. Consequently, you will need to sell FDIC.CASH or FDIC.PLUS to move the cash into the automatic Sweep mechanism the business day before those funds are needed to cover these items.

See the Terms and Conditions of the Customer Agreement relating to the Program for additional information.